News and Updates from the United States Mint
By Hubert Walker for CoinWeek ….
According to Michael White at the United States Mint, the Standing Liberty 2016 Centennial Gold Coin (product code 16XC) will be available for order starting at noon Eastern Time on September 8. At the time of writing, the Mint’s online product schedule for 2016 had yet to be updated and still lists the coin’s release date as “To Be Determined”.
Neither a Household order limit nor a maximum mintage have been given, and since retail pricing at the U.S. Mint depends on the current price of gold in the precious metals market, no information on its cost will be known until the first week of September.
The Standing Liberty Quarter Commemorative Gold Coin honors Hermon A. Macneil’s original, bare-breasted “Type I” design for the Standing Liberty quarter (1916-1930) and is the second of three centennial commemoratives that pay tribute to the classic coin designs of the Mint’s annus mirabilis of 1916.
The first, the Mercury Dime 2016 Centennial Gold Coin went on sale at noon on April 21 and within an hour it was listed as “Unavailable”. Mint sales figures as of July 24 state that a current total of 116,110 units have been sold. The 24-karat Mercury Dime gold coin has an authorized mintage limit of 125,000 pieces, so it remains to be seen if or when the Mint will resume sales. The initial order limit of 10 per household is still in effect.
The third commemorative – the Walking Liberty 2016 Centennial Gold Coin, which honors Adolph Weinman’s famous Liberty Walking design for the half dollar (1916-1947) – is still unscheduled as of this writing. Each of the 1 oz centennial gold coins was (is) hotly anticipated by collectors, especially in recent months as expected release dates passed without word from the Mint.
CoinWeek encourages potential buyers to visit each coin’s online catalog page and sign up for email reminders:
- Mercury Dime 2016 Centennial Gold Coin
- Standing Liberty 2016 Centennial Gold Coin
- Walking Liberty 2016 Centennial Gold Coin
2016 Silver Eagle Proof Available Sept. 16
Michael White also announced that the 2016 American Silver Eagle 1 oz Silver Proof Coin will be available for sale on September 16. The coin, minted at the West Point facility, will feature a smooth edge with special lettering honoring the 30th anniversary of the Silver Eagle program.
The anniversary lettering was authorized by a law (commonly referred to as the FAST Act) signed by President Obama on December 4, 2015. Besides mandating how the 30th anniversary American Silver Eagle numismatic issues would be made, the law also allows for the Mint to change the silver composition of some of its silver coin products.
The 2016 Uncirculated Silver Eagle will also have the anniversary edge lettering, though no release date has yet been set.
The lettering is not dissimilar to that found on the edge of the America the Beautiful Quarters 5 oz silver bullion coins.
2016 American Liberty Silver Medal Pricing
Pricing for the 2016 American Liberty Silver Medal was also announced today. When the silver medal versions of the 2016 American Liberty High-Relief Gold Coin go on sale at noon on August 23, they will be offered at a retail price of US$34.95. Medals from the West Point and San Francisco Mints will be available to collectors.
Theodore Roosevelt Nat. Park 5 oz Silver Bullion Coin Availability
Last week, the Mint announced that the 2016 America the Beautiful Quarters – Theodore Roosevelt National Park Five Ounce Silver Bullion Coin will be available for order on August 29.
High Demand for 2016 Platinum Eagle Bullion Coin
The 2016 American Eagle Platinum Bullion Coin went on sale July 25 to sales topping the entire total for 2014 when it was last offered. Customers bought 17,100 units by the end of the first day, beating 2014’s tally of 16,900.
An additional 1,900 have been bought as of the time of writing, totaling 19,000 pieces sold in the last week of July.
The 2016 American Platinum Eagle Proof Coin went on sale June 30, only to be listed as “Currently Unavailable” almost an hour later – a status it still retains. The same July 24 U.S. Mint sales figures referenced above state that 9,287 Proof Platinum Eagle coins have been sold out of a maximum mintage of 10,000.
Again, visit the Mint’s online catalog and sign up for email reminders when and if new stock becomes available.